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the president needs to take a page out of president bill clinton -- >> he's in philadelphia with the middle class behind him and nodding and saying, i've got a pen, i've got a pen. i've still got a pen, i've still got a pen. >> president obama owes president clinton a great deal for helping him get elected. number one, we need a meaningful citizen education engagement effort with the white house in formada, next year to build the case for a grand bargain. the official version of what i did and what my colleagues did over the last several months and we need congressional hearings that will set the stage for tax reforms, social security reform and the president needs to negotiate privately and have discussions with congressional leaders of both parties privately. those three things can get us to the promt promise land. and without all three of those, we're in trouble. >> but, david, that is exactly what was supposed to happen between july of 2011 and today. and guess what? none of it has happened. none of it. we're having the same conversation. >> you know what? >> only the president c
the president needs to take a page out of president bill clinton -- >> he's in philadelphia with the middle class behind him and nodding and saying, i've got a pen, i've got a pen. i've still got a pen, i've still got a pen. >> president obama owes president clinton a great deal for helping him get elected. number one, we need a meaningful citizen education engagement effort with the white house in formada, next year to build the case for a grand bargain. the official version of...
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Dec 10, 2012
12/12
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we always talk about the 1993 income tax of president clinton, and the top tax rate was 39.6%. threshold, $250 thud. so flash forward from 1993 to present, okay. well let me tell you something, there is this little thing called inflation. i know this might be nitpicking. but $250,000 today well, started out if you want to be apples to apples would be about $165,000 then. in other words, we are not adjusting even for inflation. so, if we're talking about $250,000 today being the same as then, we're wrong. it would be $165,000. so the point is, is that the difference between these two is $85,000. okay? is a 35% miss when it comes to being honest about it. oh, even worse let's take this. how many times, of course you've heard a million times, taxes on million favors and billionaires, even though, and i know this is adjusted, okay, but let's just keep it $250,000. well, 250 grand isn't a million. so it's off by 750-k over 1 million. okay? so, in essence, what we're doing is we're off on this one by 75%. we're off by 35% and 75%. so why am i doing this? because i'll tell you what, m
we always talk about the 1993 income tax of president clinton, and the top tax rate was 39.6%. threshold, $250 thud. so flash forward from 1993 to present, okay. well let me tell you something, there is this little thing called inflation. i know this might be nitpicking. but $250,000 today well, started out if you want to be apples to apples would be about $165,000 then. in other words, we are not adjusting even for inflation. so, if we're talking about $250,000 today being the same as then,...
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Dec 5, 2012
12/12
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they allow the marginal rates on earned income to go back to the clinton levels. in that proposal, as i understand it, dividends and cap gains rise modestly to 20%. i think anybody that's looked that the will tell you the mix of rates and deductions and tax treatment of dividends, capital gains now is unaffordable for the country. the current mix we have in current policy is unaffordable. we're going to have to alter that mix. we've laid out the best way we think to do that. if we did that, i think you'd see alongside sensible spending reforms. you'd see very good outcomes for the american economy. the american economy right now looks very resilient. the biggest thing that stands in the way of much significant strength in growth is this uncertainty about how to reach an agreement. >> what's the right rate for dividends and capital gains? >> in the senate bill, you see there's a proposal to let them go to 20. that's certainly one way to do it. ultimately, you have to look at the overall mix of tax treatment, investment income -- >> is there a number that's too high
they allow the marginal rates on earned income to go back to the clinton levels. in that proposal, as i understand it, dividends and cap gains rise modestly to 20%. i think anybody that's looked that the will tell you the mix of rates and deductions and tax treatment of dividends, capital gains now is unaffordable for the country. the current mix we have in current policy is unaffordable. we're going to have to alter that mix. we've laid out the best way we think to do that. if we did that, i...
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Dec 9, 2012
12/12
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would you accept returning to the clinton rate of 39.6% or would you accept something perhaps a midpoint, 37% or starting with people who made $500,000 rather than 250? >> chris, there's a growing group of folks that are looking at this and realizing we don't have a lot of cards as a relates to the tax issue before year end. we have one house, that's it. the presidency and the senate's in the democrats' hands. i think it has merit, you give the president the 2% increase that he's talking about, the rate increase on the top 2%. and all of a sudden the shift goes back to entitlements. all of a sudden once you give him the rate on the top 2% it's actually lesser tax increases than what he's been talking about. the focus then shifts to entitlements and puts us in a place where we can do something that really saves this nation. so there's a growing body. i'm beginning to believe that's the best route to take to shift the focus where it needs to be, which is on entitlements. still, chris, the top 1% in our country taking 17% of the income and paying 37% of the taxes that are paid i hope will t
would you accept returning to the clinton rate of 39.6% or would you accept something perhaps a midpoint, 37% or starting with people who made $500,000 rather than 250? >> chris, there's a growing group of folks that are looking at this and realizing we don't have a lot of cards as a relates to the tax issue before year end. we have one house, that's it. the presidency and the senate's in the democrats' hands. i think it has merit, you give the president the 2% increase that he's talking...
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a massive deregulatory measure in the form of the monetary control act and then here you have bill clinton after he had signed the repeal of glass steagall with his cronies paving the way to too big to fail and then here is george w. bush after he had signed the bill named bankruptcy abuse prevention and consumer protection act of two thousand and five which i would say ils ill named because it actually made declaring bankruptcy more difficult so we've heard you talk about deregulation i want to get to that but first i don't think i've heard you talk about how you feel about the end of bretton woods and the move finally away from commodity based money and to a debt based currency system which is allowed for really this unprecedented accumulation of credit and ten flavors of debt well somebody could do a very effective book on the united states and go over the various stages but i don't see the movement toward from wards quite the significance that others do because not one that was a war. change. there's some sure will you want to have one next close the gold one. of them do you want the u
a massive deregulatory measure in the form of the monetary control act and then here you have bill clinton after he had signed the repeal of glass steagall with his cronies paving the way to too big to fail and then here is george w. bush after he had signed the bill named bankruptcy abuse prevention and consumer protection act of two thousand and five which i would say ils ill named because it actually made declaring bankruptcy more difficult so we've heard you talk about deregulation i want...
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a massive deregulatory measure in the form of the monetary control act and then here you have bill clinton after he had signed the repeal of glass steagall with his cronies paving the way to too big to fail and then here is george w. bush after he had signed the bill named bankruptcy abuse prevention and consumer protection act of two thousand and five which i would say ils ill named because it actually made declaring bankruptcy more difficult so we've heard you talk about deregulation i want to get to that but first i don't think i've heard you talk about how you feel about the end of bretton woods and the move finally away from commodity based money into a debt based currency system which is allowed for really this unprecedented accumulation of credit and ten flavors of debt well somebody could do a very effective book on the united states and go over the various stages but i don't see the movement toward from the wards quite the significance that others do because it wasn't that it was a war. change. there's some surely what you have what nixon closed the gold one of the fraser seventy
a massive deregulatory measure in the form of the monetary control act and then here you have bill clinton after he had signed the repeal of glass steagall with his cronies paving the way to too big to fail and then here is george w. bush after he had signed the bill named bankruptcy abuse prevention and consumer protection act of two thousand and five which i would say ils ill named because it actually made declaring bankruptcy more difficult so we've heard you talk about deregulation i want...
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a massive deregulatory measure in the form of the monetary control act and then here you have bill clinton after he had signed the repeal of glass steagall with his cronies paving the way to too big to fail and then here is george w. bush after he had signed the bill named bankruptcy abuse prevention and consumer protection act of two thousand and five which i would say ils ill named because it actually made declaring bankruptcy more difficult so we've heard you talk about deregulation i want to get to that but first i don't think i've heard you talk about how you feel about the end of bretton woods and the move finally away from commodity based money and to a debt based currency system which is allowed for really this unprecedented accumulation of credit and ten flavors of debt well somebody could do a very effective book on the united states and go to various stages but i don't see the movement of water from britain wards quite the significance of that others do because that was one of the it was a war. change. there's some surely what you have what nixon closed the gold one of the frase
a massive deregulatory measure in the form of the monetary control act and then here you have bill clinton after he had signed the repeal of glass steagall with his cronies paving the way to too big to fail and then here is george w. bush after he had signed the bill named bankruptcy abuse prevention and consumer protection act of two thousand and five which i would say ils ill named because it actually made declaring bankruptcy more difficult so we've heard you talk about deregulation i want...
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a massive deregulatory measure in the form of the monetary control act and then here you have bill clinton after he had signed the repeal of glass steagall with his cronies babying the way to too big to fail and then here is george w. bush after he had signed the bill named bankruptcy abuse prevention and consumer protection act of two thousand and five which i would say ils ill named because it actually made declaring bankruptcy more difficult so we've heard you talk about deregulation i want to get to that but first i don't think i've heard you talk about how you feel about the end of bretton woods and the move finally away from commodity based money and to a debt based currency system which is allowed for really this unprecedented accumulation of credit and ten flavors of debt well somebody could do a very effective book on the united states and go over the various stages but i don't see the movement toward from britain wards quite the significance of that others do because that was one of the it was a war. change. there's some surely what you have. closed the gold one of the fraser sev
a massive deregulatory measure in the form of the monetary control act and then here you have bill clinton after he had signed the repeal of glass steagall with his cronies babying the way to too big to fail and then here is george w. bush after he had signed the bill named bankruptcy abuse prevention and consumer protection act of two thousand and five which i would say ils ill named because it actually made declaring bankruptcy more difficult so we've heard you talk about deregulation i want...
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massive deregulatory measure and in the form of the monetary control act and then here you have bill clinton after he had signed the repeal of glass steagall with his cronies babying the way to too big to fail and then here is george w. bush after he had signed the bill named bankruptcy abuse prevention and consumer protection act of two thousand and five which i would say ils ill named because it actually made declaring bankruptcy more difficult so we've heard you talk about deregulation i want to get to that but first i don't think i've heard you talk about how you feel about the end of bretton woods and the move finally away from commodity based money into a debt based currency system which is allowed for really this unprecedented accumulation of credit and ten flavors of debt well somebody could do a very effective book on the united states and go over the various stages but i don't see the movement of water from britain awards quite the significance that others do because it wasn't that it was a war. change. there's some surely what you have what nixon closed the gold one there was no t
massive deregulatory measure and in the form of the monetary control act and then here you have bill clinton after he had signed the repeal of glass steagall with his cronies babying the way to too big to fail and then here is george w. bush after he had signed the bill named bankruptcy abuse prevention and consumer protection act of two thousand and five which i would say ils ill named because it actually made declaring bankruptcy more difficult so we've heard you talk about deregulation i...
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a massive deregulatory measure in the form of the monetary control act and then here you have bill clinton after he had signed the repeal of glass steagall with his cronies babying the way to too big to fail and then here is george w. bush after he had signed the bill named bankruptcy abuse prevention and consumer protection act of two thousand and five which i would say ils ill named because it actually made declaring bankruptcy more difficult so we've heard you talk about deregulation i want to get to that but first i don't think i've heard you talk about how you feel about the end of bretton woods and the move finally away from commodity based money and to a debt based currency system which is allowed for really this unprecedented accumulation of credit and ten flavors of debt well somebody could do a very effective book on the united states and go over the various stages but i don't see the movement toward from britain wards quite the significance of that others do because it wasn't that it was a war. change. there's some surely what you have what nixon closed the gold one of the frase
a massive deregulatory measure in the form of the monetary control act and then here you have bill clinton after he had signed the repeal of glass steagall with his cronies babying the way to too big to fail and then here is george w. bush after he had signed the bill named bankruptcy abuse prevention and consumer protection act of two thousand and five which i would say ils ill named because it actually made declaring bankruptcy more difficult so we've heard you talk about deregulation i want...
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susan rice and the possibility she may be considered to take over as secretary of state once hillary clinton leaves her post and most of what you probably heard sounded something like this. we are significantly troubled by many of the answers that we got and some that we didn't yet bottom line and more disturbed now than i was before we will not allow a brilliant public servant record to be mug to cut off her her consideration to become secretary of state the republicans are making a big mistake the first thing they do after the election is start attacking an african-american woman without any cause by the way this is somebody had nothing to do with been guys a she was given cia information the cia told her here's what i think it's appropriate to say of course it's only racism when it's directed toward a a liberal or a democrat it's never racism toward a republican look if this is kind to lisa rice and not susan rice allen would be on the other side of this camera basically suggesting that she deserves either resign or she did something wrong while as you can imagine the obama administration
susan rice and the possibility she may be considered to take over as secretary of state once hillary clinton leaves her post and most of what you probably heard sounded something like this. we are significantly troubled by many of the answers that we got and some that we didn't yet bottom line and more disturbed now than i was before we will not allow a brilliant public servant record to be mug to cut off her her consideration to become secretary of state the republicans are making a big...
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on these investments i know back in one thousand nine hundred four season rice was working for the clinton administration as a junior official often national security council and how to shape the u.s. policy toward central africa during and after the wanding genocide as you want to invade neighboring countries to find her to talk a little bit about some of the criticisms of susan rice you know in that. well i think that in bassa the race in this regard is really just reflective of a lot of even president clinton himself and a lot of figures from that administration because basically they were responsive to genocide that you know took place in real time it was clear what was happening and due to other concerns about not wanting to get bogged down in africa due to the marines being killed in mogadishu the year before in one thousand nine hundred three and they didn't want to intervene and this really horrific event happened and now the tendency coming out of that has been on the opposite extreme which has been to look the other way as the rwandan government under paul kagame a has a question
on these investments i know back in one thousand nine hundred four season rice was working for the clinton administration as a junior official often national security council and how to shape the u.s. policy toward central africa during and after the wanding genocide as you want to invade neighboring countries to find her to talk a little bit about some of the criticisms of susan rice you know in that. well i think that in bassa the race in this regard is really just reflective of a lot of even...
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about kind of the confusion here are over this i was director of the bureau of land management in the clinton the straight shooter so i'm very familiar with the. options and what was happening again in my judgment is that the ends of the bush administration they were pushing out as much drilling for their friends in the oil. industry is possible and it was reasonable to expect that the new administration was not going to be so lenient on putting out of a collapse of tim's actions when it stopped the very end that processes of the clams in utah it was what we call all it takes a dinosaur and it's something that the going out of ministration lays into the future knowing that the do it ministration is not necessarily going to want to have to deal with it but out of necessity they will secretary salazar as a former attorney general wasn't particularly prone to be seen in his first few months in office as being lenient on a law breaker self admitted lawbreaker raised him very honestly declare and so nothing could be done other than the process to go forward and it was a process in the instance of
about kind of the confusion here are over this i was director of the bureau of land management in the clinton the straight shooter so i'm very familiar with the. options and what was happening again in my judgment is that the ends of the bush administration they were pushing out as much drilling for their friends in the oil. industry is possible and it was reasonable to expect that the new administration was not going to be so lenient on putting out of a collapse of tim's actions when it...
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one american official after another declaring a red line against the country president obama hillary clinton leon panetta and a host of other american officials have threatened action if chemical weapons are used in the country but behind the curtain of rhetoric are real doubts of what weapon syria actually has and whether the u.s. is really willing to get involved in yet another conflict in the middle east r t international correspondent diane chicana and asks if the allegations are enough for military action. u.s. officials said intelligence agencies have detected that assad's government has been preparing its chemical weapons stockpiles for possible use the obama administration's message to syria the u.s. is ready to act if you make the tragic mistake of using these weapons there will be consequences and you will be held accountable there will be consequences. there will be consequences we have sent a an unmistakable message that this would cross a red line next how does america the media quickly picked up on the alarming news of the syrian government's alleged plans citing secret intelli
one american official after another declaring a red line against the country president obama hillary clinton leon panetta and a host of other american officials have threatened action if chemical weapons are used in the country but behind the curtain of rhetoric are real doubts of what weapon syria actually has and whether the u.s. is really willing to get involved in yet another conflict in the middle east r t international correspondent diane chicana and asks if the allegations are enough for...
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senator alan simpson are republican and former white house chief of staff for president clinton erskin bowles a democrat came up with a possible solution what they came up with is known to those even outside of the ball outside the beltway as the simpson bowles or the bull simpson plan depending on which way you see it and despite falling short of passing it off and took center stage and talks about the economy for most of the year expression leave during the presidential campaign governor what about simpson bowles you support simpson bowles simpson bowles the president should have grabbed that i mean do you support some simple i have my own plan it's not the same as in symbols but in my view the president should have grabbed it if you want to make some adjustments to that take it go to congress fight for it that's what we've done made some adjustments to it and we're putting it forward before congress right now but even though you everyone now has now heard of the plan very few people actually know what's in it r t political correspondent christine frizz out took a look through the pl
senator alan simpson are republican and former white house chief of staff for president clinton erskin bowles a democrat came up with a possible solution what they came up with is known to those even outside of the ball outside the beltway as the simpson bowles or the bull simpson plan depending on which way you see it and despite falling short of passing it off and took center stage and talks about the economy for most of the year expression leave during the presidential campaign governor what...
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new reports that hillary clinton got a special job pitch. apparently so did david petraeus and neither one took the advice. new york city mayor michael bloomberg's successor will have big shoes to fill according to "the new york times." bloomberg called secretary of state hillary clinton a few months ago to encourage her to enter the 2013 new york city mayoral race. but reportedly told the mayor she has no interest in the job. as deputy mayor there howard wolf son, former senior adviser to hillary clinton's presidential campaign in 2008. mayor bloomberg isn't the only 0 one giving out advice. this is great. it's bob woodward, heads are exploding as i speak. let me get to the story. woodward reports that roger ales, the chairman and founder of fox news, encouraged general david petraeus to run against obama in the 2012 election. last spring asked fox news analyst to make the pitch while she was traveling with petraeus. in a recording of the conversation between mcfarland and petraeus mcfarland can be heard saying that ales advises petraeus to
new reports that hillary clinton got a special job pitch. apparently so did david petraeus and neither one took the advice. new york city mayor michael bloomberg's successor will have big shoes to fill according to "the new york times." bloomberg called secretary of state hillary clinton a few months ago to encourage her to enter the 2013 new york city mayoral race. but reportedly told the mayor she has no interest in the job. as deputy mayor there howard wolf son, former senior...
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was plenty of groundbreaking ceremony such as to be importance being placed on the project president clinton himself was here the. black sea to bulgaria and on to greece and austria the project was dreamed up to the idea the more. the was to move pipelines the more secure the delivery to customers will be now it's a need that arose from transit countries ukraine in particular destructive deliveries on the number cajuns and the fifty. the sand up the pipeline will be owned by russian energy giant gazprom the fastest but its least germany however may need to europa question whether this project is different media critics say that a whopping twenty billion dollars cost for a pipeline is way too much especially in current times of economic recession but it seems these fears are not enough to stop a project like this is the big question will be hoping beyond choppy waters to face our own very c.e.o. they will be going directly and well back to our top story the tens of thousands of people protesting against egypt mohamed morsi alcide his presidential palace in cairo for more on this we're joined
was plenty of groundbreaking ceremony such as to be importance being placed on the project president clinton himself was here the. black sea to bulgaria and on to greece and austria the project was dreamed up to the idea the more. the was to move pipelines the more secure the delivery to customers will be now it's a need that arose from transit countries ukraine in particular destructive deliveries on the number cajuns and the fifty. the sand up the pipeline will be owned by russian energy...
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at the groundbreaking ceremony such as to be important is being placed on the project that president clinton himself was here the selfie pipeline will go directly from the black sea to bulgaria and on to greece italy and austria the project was dreamed up under the idea the more the merrier in other words but the more pipelines the more secure the delivery to customers will be now it's a need that the roads are for transit countries ukraine in particular destructive delivery is the only number of occasions and the cost fifty percent of the pipeline will be owned by russian energy giant gazprom the rest of it with its leave france and germany however may need to europa question whether this project is if it needed critics say that a whopping twenty billion dollars cost for a pipeline is way too much especially in current times of economic recession but it seems these fears are not enough to stop a project like this was the big question will be hoping the only choppy waters that face of our own the very seat they will be going directly on and. there are more stories to catch up with. online in
at the groundbreaking ceremony such as to be important is being placed on the project that president clinton himself was here the selfie pipeline will go directly from the black sea to bulgaria and on to greece italy and austria the project was dreamed up under the idea the more the merrier in other words but the more pipelines the more secure the delivery to customers will be now it's a need that the roads are for transit countries ukraine in particular destructive delivery is the only number...
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think groundbreaking ceremony such as to the importance of being placed on the project that president clinton himself was here for the selfie in five lines will go directly from the black sea to bulgaria and on to greece as sleek and austria the project was dreamed up on to the idea the more the merrier a not the was at the mall pipelines the more secure the delivery to customers will be now it's a need that arose after transit countries ukraine and particular disrupted deliveries so on a number of occasions and the past fifty percent of the pipeline will be owned by russian energy giant gazprom the rest us but with its leaves france and germany will remain in the euro question whether this project is if the needed critics say that a whopping twenty billion dollars cost for a pipeline is way too much especially in current times of economic recession but it seems these fears are not enough to stop a project like this was vigorous and will be hoping the only choppy waters they face a are on the very see if they will be going directly under the. well there are more stories to catch up with onlin
think groundbreaking ceremony such as to the importance of being placed on the project that president clinton himself was here for the selfie in five lines will go directly from the black sea to bulgaria and on to greece as sleek and austria the project was dreamed up on to the idea the more the merrier a not the was at the mall pipelines the more secure the delivery to customers will be now it's a need that arose after transit countries ukraine and particular disrupted deliveries so on a...
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think groundbreaking ceremony such as to the importance of being placed on the project that president clinton himself was here at the gulf stream five land will go directly from the black sea to bulgaria and on to greece as sleek and austria the project was dreamed up on to the idea the more the mary and not the was of the more punchlines the more secure the delivery to customers will be now it's a need that arose from transit countries ukraine and particular to such a delivery and so on a number of occasions and the past fifty percent of the pipeline will be owned by russian energy giant gazprom the rest us but with its lead france and germany however many in the euro question whether this project is ever need it critics say that a whopping twenty billion dollars cost for a pipeline is way too much especially in current times of economic recession but it seems these fears are not enough to stop a project like this was vigorous will be hoping the only choppy waters to face it are on the very see if they will be going directly under. news out some other news now for you from around the world a
think groundbreaking ceremony such as to the importance of being placed on the project that president clinton himself was here at the gulf stream five land will go directly from the black sea to bulgaria and on to greece as sleek and austria the project was dreamed up on to the idea the more the mary and not the was of the more punchlines the more secure the delivery to customers will be now it's a need that arose from transit countries ukraine and particular to such a delivery and so on a...
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. >>> if the 2016 presidential election were held today, secretary of state hillary clinton would be a shoo-in. according to a new "washington post"/abc news poll 57% would support clinton to succeed president obama. 37% would not. ted nugent weighs in on the fiscal cliff fiasco something he said we drove off a long time ago. he writes in "the washington times" social security, medicaid and medicare spending needs to be slaughtered and let's stop the insanity of the right to vote of any american on welfare. once they get off well taer and are self-sustaining they get their right restored. no american on welfare should have the right to vote for tax increases on those americans working and paying taxes to support them. >>> and "the daily show's" jon stewart says maybe we should go off the fiscal cliff. >> back and forth of offers. it's pretty clear the republicans aren't going to come to the table with anything reasonable. i'll be the one to say it, i know it will be disastrous and doom our economy for years to come, let's go over the [ bleep ] cliff. fine. just leave the negotiating
. >>> if the 2016 presidential election were held today, secretary of state hillary clinton would be a shoo-in. according to a new "washington post"/abc news poll 57% would support clinton to succeed president obama. 37% would not. ted nugent weighs in on the fiscal cliff fiasco something he said we drove off a long time ago. he writes in "the washington times" social security, medicaid and medicare spending needs to be slaughtered and let's stop the insanity of the...
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it would be a hillary clinton/david petraeus ticket. but i think that's kind of -- you know. >> we have to rewrite half of it. >> yes, well, although i mean -- we don't even need to go there. >> the hillary, what i've heard, is that the people who are in the financial end of hillary's campaign have been alerted that they got planning to do. some of them are also andrew cuomo fund-raisers and they are alert that there is planning they need to do. some of them are pretty conflicted. that's the best that i have on what she's thinking. >> i've talk to some of the fundraisers and they are planning. i think she is going to run. she is exhausted now. she'll take a couple -- she may not know she is going to run although i suspect she kind of does. she will take a couple years. and at this point she would be a very, very formidable candidate. depending on what happens over the next four years. mario cuomo used to say between now and then, a pope will be born which means, who the hell knows what's going to happen? the second obama term could be a
it would be a hillary clinton/david petraeus ticket. but i think that's kind of -- you know. >> we have to rewrite half of it. >> yes, well, although i mean -- we don't even need to go there. >> the hillary, what i've heard, is that the people who are in the financial end of hillary's campaign have been alerted that they got planning to do. some of them are also andrew cuomo fund-raisers and they are alert that there is planning they need to do. some of them are pretty...
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and this year hillary clinton and honey boo boo are both on it. [ laughter ] >> of course. >> jimmy: that's right. the woman who may soon be president -- and hillary clinton. [ laughter ] >> got my vote. >> jimmy: she gives her speech like that. [ laughter ] everybody's still talking about prince william and kate middleton's baby announcement. and get this. using the faces of the royal family, a forensic artist has created an image of what the royal baby might look like. we have it right here. take a look. [ laughter ] that's interesting. looks like grandpa. >> lot of hair for a baby. >> jimmy: lot of hair. good head of hair. here's a local story. yesterday, mayor michael bloomberg announced that new york will hold a contest to redesign the city's payphones. yeah. top prize -- a brand new walkman. [ laughter ] [ cheers and applause ] a walkman. >> anybody want a quarter? >> jimmy: 1-800-c-o-l -- this is kind of scary, you guys. anderson cooper -- he's fine now, but he said that while filming a segment for "60 minutes" -- you hear about this? he got a sunburn on his eyeball and was te
and this year hillary clinton and honey boo boo are both on it. [ laughter ] >> of course. >> jimmy: that's right. the woman who may soon be president -- and hillary clinton. [ laughter ] >> got my vote. >> jimmy: she gives her speech like that. [ laughter ] everybody's still talking about prince william and kate middleton's baby announcement. and get this. using the faces of the royal family, a forensic artist has created an image of what the royal baby might look like....
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Dec 4, 2012
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he says representative cole if we restore the clinton tax rates today than in ten years, 2022, we have the deficit where it should be. >> guest: he is certainly correct to generate a great deal more revenue. if we did that let's say they made for under $50,000 that is a 2,000-dollar tax increase and again i don't think the president wants to do that. he said he doesn't want to do that our side doesn't want to do that. you know, going back to the clinton tax rate, and remember the average american family has taken a terrific hit. the median household income for years ago when the president became the president was around $54,000 a year and is about 50 now. so this portion of the population which is gotten squeezed tremendously i don't think adding an extra tax at the 98 percent is going to, number one, be very helpful to the more helpful to the economic growth. number two it's how much you want the folks to pay? so again, freezing those tax rates with an overwhelming majority of americans is a smart thing to do, we ought to do it and both sides say they want to. >> host: and you said ea
he says representative cole if we restore the clinton tax rates today than in ten years, 2022, we have the deficit where it should be. >> guest: he is certainly correct to generate a great deal more revenue. if we did that let's say they made for under $50,000 that is a 2,000-dollar tax increase and again i don't think the president wants to do that. he said he doesn't want to do that our side doesn't want to do that. you know, going back to the clinton tax rate, and remember the average...
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Dec 4, 2012
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president of americans for tax reform and robert reish, former secretary of labor for president bill clinton and the author of "beyond outrage." none of the three of us are beyond outrage, grover norquist, which is why i keep having you back. the situation it seems to me as an impartial observer here is that both sides have now made fairly ludicrous offers that they know the other side is never going to accept in a million years. that does beg the question, grover, why bother, given that both sides know where they need to move, why the games? >> well, it's not clear that both sides know. the week after the election, president obama was asked do you have to have the higher rates or could we have deductions and credits and he said he was open to negotiations. three weeks later, after thanksgiving, he shows up and all of a sudden there's a line in the sand on rates that had come out of nowhere, so the president seems to be moving the goal posts in a deliberate effort, i don't know, to extract something, to push people over the fiscal cliff. something's going on and it's not clear because he's n
president of americans for tax reform and robert reish, former secretary of labor for president bill clinton and the author of "beyond outrage." none of the three of us are beyond outrage, grover norquist, which is why i keep having you back. the situation it seems to me as an impartial observer here is that both sides have now made fairly ludicrous offers that they know the other side is never going to accept in a million years. that does beg the question, grover, why bother, given...
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Dec 5, 2012
12/12
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we have good news for hillary clinton. if she decides to run for president in 2016, 57% of those polled by abc news and the washington post said they would support clinton. 37% said they would not support her candidacy. in addition -- in addition, the poll shows an overwhelming majority of women surveyed 66% would back her. only 47% of men would, roland. >> she wants some rest. she's been traveling four years. give her two years. my god! >> you just never know. >> she wants to rest for two years. my goodness. >> when she's done with the nap or whatever, the vacation or the spa -- >> can we get to the inauguration before we go to the '16? >> i vote for that. >>> doctors and lawyers have to take tests before they can start practicing. what about people who educate our kids? we'll talk to aft, american federation of teachers president, randi weingarten, for teachers to take bar-like exams. and select generic hypertension drugs available for only a penny... so you can focus on what really matters. call humana at 1-800-808-4003
we have good news for hillary clinton. if she decides to run for president in 2016, 57% of those polled by abc news and the washington post said they would support clinton. 37% said they would not support her candidacy. in addition -- in addition, the poll shows an overwhelming majority of women surveyed 66% would back her. only 47% of men would, roland. >> she wants some rest. she's been traveling four years. give her two years. my god! >> you just never know. >> she wants to...
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Dec 4, 2012
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restoring the clinton tax rates is something i would support. we supported them back in 1991 when bill clinton was running for president. no problem on that. it is a reasonable adjustment, but may not be sufficient to reach the targets we need and it does not help us in bipartisan bargaining, reaching a deal. i hope as this negotiation -- we ought to be at the irish times -- that they will not make a fetish of marginal tax rates street if they should go up some, but do they need to go back where they work? i do not know. lots of ways to increase taxes on rich people, and it may be that a hybrid of marginal tax increases and the kind of base- broadening loophole closing expenditure closing that simpson-bowles proposed should be part of the mix. raising marginal rates does not guarantee you will get your intended target. a very rich people depend more on investment income than on their labour income. if you want to get them -- and this is where mitt romney was able to pay a 14% tax rate on earnings of $14 million -- so if you are trying to get the
restoring the clinton tax rates is something i would support. we supported them back in 1991 when bill clinton was running for president. no problem on that. it is a reasonable adjustment, but may not be sufficient to reach the targets we need and it does not help us in bipartisan bargaining, reaching a deal. i hope as this negotiation -- we ought to be at the irish times -- that they will not make a fetish of marginal tax rates street if they should go up some, but do they need to go back...
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Dec 6, 2012
12/12
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i commend ambassador ford and secretary clinton and the president for their leadership on diplomatic side of try to engage until with this credit, painful conflict. the differences between us are far less important. the president has made a clear declaration, which we will back. >> house of representatives is in recess. it will reconvene on tuesday. the house is expected to take up noncontroversial legislation under suspension of regular house rules. the house had planned to adjourn for the holidays at the end of the week next week, but majority leader eric cantor says the house will be back in session december 17 to deal with the so- called fiscal cliff. he says the house will not adjourn until an agreement is reached. when the house gavels in next week, live coverage c-span. >> and think the writers institute is something that is very important within the culture. we are a culture of words, of voices. words are key to our imagination, our capacity to envision things. we are not completely tied to print on the page. but i think there is no other art form so readily accessible other
i commend ambassador ford and secretary clinton and the president for their leadership on diplomatic side of try to engage until with this credit, painful conflict. the differences between us are far less important. the president has made a clear declaration, which we will back. >> house of representatives is in recess. it will reconvene on tuesday. the house is expected to take up noncontroversial legislation under suspension of regular house rules. the house had planned to adjourn for...
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Dec 7, 2012
12/12
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bush and clinton administrations. both of you went to the same university. i'm sure you can agree on everything today. dr. zandi first. >> thank you for the opportunity. it is an honor to be here with kevin, a good friend of mine. let me say that these are my own personal views. they don't represent the views of the moody's corporation. lawmakers have to resolve three issues -- first, the fiscal cliff. second, raising the treasury debt ceiling, which as you know is becoming an issue rarely soon. -- an issue fairly soon. third, achieving long-term fiscal sustainability. that is deficit reduction and tax increases and spending cuts that allow the gdp ratio to stabilize by the end of the decade. these three things need to be done now. in terms of the fiscal cliff, if policy is unchanged and we go over the cliff and there is still no change after that, the gdp in 2013 will 3.5 percentage points. subtract that and that is a severe recession. cbo and others are probably us are underestimating how severe that will be because confidence is very weak. it is unclear h
bush and clinton administrations. both of you went to the same university. i'm sure you can agree on everything today. dr. zandi first. >> thank you for the opportunity. it is an honor to be here with kevin, a good friend of mine. let me say that these are my own personal views. they don't represent the views of the moody's corporation. lawmakers have to resolve three issues -- first, the fiscal cliff. second, raising the treasury debt ceiling, which as you know is becoming an issue...
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Dec 7, 2012
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his explanation, like clinton's. barack obama, he does not want to explain anything because he does not even believe in the goals with all due respect. and as a result he is not about to talk about it. you want to talk about other things. no wonder that the american people are despondent over this and have no will to fight it. all they see is the downside, guys coming back with an arm blown off. if the comeback. and a lot of cost without any explanation whatsoever about why this is important. without the president's standing appear leading the people as to why we have to pull together and support this and sacrifice. henry kissinger said something along. part of the reason is that their leaders have lost the capacity to get there people to follow them in any sacrifice. there is nothing to before, so why would you ever want to sacrifice? people have to have a reason to be for something. can be nationalistic. that is not really all that good, but part of winning this is to be able to talk about it with principles in min
his explanation, like clinton's. barack obama, he does not want to explain anything because he does not even believe in the goals with all due respect. and as a result he is not about to talk about it. you want to talk about other things. no wonder that the american people are despondent over this and have no will to fight it. all they see is the downside, guys coming back with an arm blown off. if the comeback. and a lot of cost without any explanation whatsoever about why this is important....
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Dec 6, 2012
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a combination of allowing the rates on high earners to go back up to what they were under president clinton, and reducing the value of tax deductions and other tax benefits that they get. before i get to how much can be raised by the second, let me just say the president is very, very supportive of curbing tax deductions for high-income households. it's been a part of his plan from his very first budget. in fact, he was and remains the only major leaguer in washington that has put forward a specific, explicit plan that would limit those tax benefits for high-income households that's been examined by the joint committee on taxation, which is the official referee for these issues in congress. that plan, though, doesn't raise the revenue that you need. so out of the president's $1.6 trillion, $950 billion comes from decoupling. decoupling is the high-income rates going away, the middle- class tax cuts becoming permanent. that gets you $950 billion of revenue. the question is could you plausibly replace that revenue just by limiting tax expenditures. there have been lots of different ideas out
a combination of allowing the rates on high earners to go back up to what they were under president clinton, and reducing the value of tax deductions and other tax benefits that they get. before i get to how much can be raised by the second, let me just say the president is very, very supportive of curbing tax deductions for high-income households. it's been a part of his plan from his very first budget. in fact, he was and remains the only major leaguer in washington that has put forward a...